Northern Explorations Announces Spud Date for the Randall Island Test Well
* Reuters is not responsible for the content in this press release.
DALLAS, TX, Jul 30 (MARKET WIRE) --
Northern Explorations Ltd. (OTCBB: NXPN) ("Northern," "Norex" or the
"Company") is pleased to announce that it received notice today from its
working interest partners that the project operator has reserved a
drilling rig and plans to mobilize and spud the first well in the Randall
Island gas prospect during the week of August 21st.
As previously announced, the first well of the program is planned to
target the apparent 50 feet of net pay at a depth of 7,800 feet. Should
the target prove to be 100% gas filled and is commercially viable, this
first well has a projected initial production rate (I.P.R.) of 2,000 to
4,000 MCF per day, from an estimated 3.6Bcf gas pool.
If the well is successful, the operator plans to tie into an existing
pipeline that is less than 1/2 mile from the site, and the gas customer
will be PG&E Citygate.
ABOUT NOREX ENERGY (NORTHERN EXPLORATIONS LTD.) (OTCBB: NXPN)
Norex Energy (Northern Explorations Ltd.) is an energy exploration Company
currently developing natural gas projects across North America. The
Company has acquired working interests in natural gas drilling prospects
located in California, and is pursuing projects in Texas.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements." Statements in
this press release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such forward-looking
statements include, among other things, the development, costs and results
of our exploration program at our properties and any anticipated future
production. Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors include,
among others, the inherent uncertainties associated with petroleum
exploration and development stage exploration companies. These
forward-looking statements are made as of the date of this news release,
and we assume no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although we believe that the
beliefs, plans, expectations and intentions contained in this press
release are reasonable, there can be no assurance that such beliefs,
plans, expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should also
refer to the risk factors disclosure outlined in our annual report on
Form 10-KSB for the most recent fiscal year, our quarterly reports on
Form 10-QSB and other periodic reports filed from time-to-time with the
Securities and Exchange Commission.
To find out more about Norex Energy or Northern Explorations Ltd. (OTCBB:
NXPN), visit our website at www.norexenergyinc.com.
Northern Explorations Ltd.
Information: 1-(866) 570-9822
Copyright 2009, Market Wire, All rights reserved.
-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters